EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE OFFICE OFFERING
OFFERING SUMMARYPrice $1,250,000Down Payment 25% / $312,500Loan Amount $937,500
Loan Type Proposed NewInterest Rate / Amortization 5.50% / 25 Years
Rentable SF 13,224Year Built 1983Lot Size 1.05 Acre(s)Price/SF $94.53
102 OAK PARK DRIVE CLUTE, TEXAS 77531
§ Two-Story Office Building
§ Rare Opportunity to Purchase an Owner/User Office Building in Clute, Texas
§ Minutes From Both Downtown Clute and Lake Jackson, Texas
§ Dual Pane Windows
§ Vacant Second Floor In Move In Condition
§ Approximately 7,600 SF Available Immediately
INVESTMENT HIGHLIGHTS
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0040100 Property ID: 3083768)
Texas Real Estate Commission Consumer Protection Notice: https://www.trec.texas.gov/sites/default/files/pdf-forms/CN%201-2.pdfTexas Real Estate Commission Information About Brokerage Services: https://www.trec.texas.gov/sites/default/files/pdf-forms/IABS%201-0.pdf
EXCLUSIVELY LISTED BY:
Keith E. Lloyd Peter EhrhardSenior Associate AssociateDirector, National Office and Industrial Member, National Office and IndustrialProperties Group Properties Group Tel: (713) 452-4243 Tel: (713) 452-4242License: TX 307120 License: TX [email protected] [email protected]/KeithLloyd www.marcusmillichap.com/PeterEhrhard
EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE OFFICE OFFERING
101 West Elm Street, Suite 600, Conshocken, PA 19428 | Tel (215) 531-7000 Fax: (215) 531-7010
102 OAK PARK DRIVE CLUTE, TEXAS 77531
EXPENSES
CAM $26,208 $1.98
Real Estate Taxes $13,628 $1.03
Insurance $7,957 $0.60
Management Fee $6,000 $0.45
Total Expenses $53,793 $4.07
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0040100 Property ID: 3083768)
Marcus & Millichap is pleased to present 102 Oak Park Dr. located in Clute, TX. This Property offers an excellent opportunity for an owner/user to acquire a well maintained two-story office building built in 1983. The 13,224 square foot brick building is situated on 1.05 acres and is currently 28% percent leased by Lone Star Legal Aid whose lease expires on August 31st, 2019. The building’s second floor is currently vacant and immediately available for use. This allows an owner/user the opportunity to move in and occupy the entire second floor or approximately 6,500 SF, as well as one of the unoccupied 1st floor suites totaling approximately 7,600 SF.